Europe Furniture Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Europe Furniture Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Europe plays a key role in the global furniture industry not only in terms of production but also in terms of market and international trade values. Europe remains the second largest furniture manufacturing region in the world and it is the headquarters of some of the biggest and most important global players. Germany, Italy, and Poland are the main exporting countries at a global level. Europe has a long history of furniture manufacturing. the industry can combine new technologies and innovation with cultural heritage, tradition, and style, providing jobs for skilled workers and is also a world leader in the high-end segment of the furniture market. Increase in rising consumption is one of the key factors impelling the growth of the Europe furniture market. The Europe furniture market growth in future will arrive by growing demand for eco–friendly furniture, modern & luxury furniture, hotels & restaurants, raw materials from suppliers, reduction of high-cost transportation to manufacturers.

Key Market TrendsIncreasing Demand for Office Furniture is driving the market

Office furniture includes desks, office chairs, storage cabinets and other items and are used for various purposes like a cabinet meeting, desks for placing devices, logistics and cafeteria. Increase in the employment rate is one of the factors raising the demand for office furniture. Increasing demand for office furniture coupled with rising investment in office spaces is anticipated to positively impact the growth of Europe furniture market during the forecast period. Office furniture’s are evolving with new designs and styles attractively, convince & comfort to consumers, the demand for branded furnishing has increased and an increase in companies from various countries driving the Europe furniture market.

Raising Furniture Online Sales in the Market

Ecommerce is increasing in Europe as customers prefer to shop online instead of physical stores. The changing trends in the home and living concepts are transforming the buying patterns of customers. The emergence of new opportunities for customers to shop through online is one of the key factors boosting the online purchase of furniture such as chairs, storage files, tables, and desks. The trend for online shopping of furniture will continue to evolve due to the availability of 24/7 customer support, online shipment tracking, cheaper costs, and a wide range of merchandise. Thus, with the growing demand for online distribution channel, the Europe furniture market is expected to showcase a positive outlook during the forecast period. Customers prefer online buying due to the convenience and comfort of logistics and shipping of furniture items to their doorstep. The major retailers like Flipkart, Amazon, Snapdeal and Alibaba are creating a strong online brand presence and increase their sales with online stores and e-commerce portals.

Competitive Landscape

The report covers major international players operating in the Europe Furniture Market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned
 
Roche Bobois
BoConcept
B&B Italia
Poltrona Frau
Fritz Hansen
IKEA
Natuzzi
Calligaris
Molteni
Colombini

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